Venturi Wealth Management LLC Invests $226,000 in First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL)

Venturi Wealth Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index (NYSEARCA:FDL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,605 shares of the exchange traded fund’s stock, valued at approximately $226,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in FDL. Blue Trust Inc. purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 3rd quarter worth approximately $46,000. Synergy Asset Management LLC purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $46,000. Valley National Advisers Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 339.2% during the 3rd quarter. Valley National Advisers Inc. now owns 2,534 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 1,957 shares during the period. Assetmark Inc. boosted its position in shares of First Trust Morningstar Dividend Leaders Index by 14.4% during the 3rd quarter. Assetmark Inc. now owns 3,042 shares of the exchange traded fund’s stock worth $128,000 after purchasing an additional 382 shares during the period. Finally, Crews Bank & Trust purchased a new position in shares of First Trust Morningstar Dividend Leaders Index during the 4th quarter worth approximately $143,000.

First Trust Morningstar Dividend Leaders Index Stock Performance

NYSEARCA:FDL opened at $43.32 on Friday. The stock has a market capitalization of $4.52 billion, a P/E ratio of 12.51 and a beta of 0.73. The company has a 50 day moving average price of $41.16 and a 200 day moving average price of $41.57. First Trust Morningstar Dividend Leaders Index has a fifty-two week low of $36.19 and a fifty-two week high of $44.07.

First Trust Morningstar Dividend Leaders Index Profile

First Trust Morningstar Dividend Leaders Index Fund, seeks investment results that correspond generally to the price and yield of an equity index called the Morningstar Dividend Leaders Index (the Index). The Fund will invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the Index.